Pizza Pizza Royalty (TSE:PZA) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZA)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$13.24 and traded as low as C$13.06. Pizza Pizza Royalty shares last traded at C$13.15, with a volume of 53,768 shares.

Pizza Pizza Royalty Price Performance

The stock has a market capitalization of C$323.75 million, a price-to-earnings ratio of 13.42 and a beta of 0.91. The business has a 50-day simple moving average of C$13.23 and a two-hundred day simple moving average of C$13.13. The company has a quick ratio of 3.03, a current ratio of 0.20 and a debt-to-equity ratio of 15.66.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.078 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date was Thursday, October 31st. Pizza Pizza Royalty’s dividend payout ratio (DPR) is currently 94.90%.

About Pizza Pizza Royalty

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.